Natixis Advisors LLC Grows Stock Holdings in Paycor HCM, Inc. (NASDAQ:PYCR)

Natixis Advisors LLC boosted its holdings in Paycor HCM, Inc. (NASDAQ:PYCR) by 4.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,243 shares of the company’s stock after buying an additional 2,787 shares during the quarter. Natixis Advisors LLC’s holdings in Paycor HCM were worth $1,193,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Conestoga Capital Advisors LLC increased its holdings in shares of Paycor HCM by 23.8% in the 4th quarter. Conestoga Capital Advisors LLC now owns 6,934,428 shares of the company’s stock valued at $128,772,000 after acquiring an additional 1,333,170 shares during the last quarter. Franklin Resources Inc. increased its stake in Paycor HCM by 2.7% in the third quarter. Franklin Resources Inc. now owns 1,734,109 shares of the company’s stock valued at $23,220,000 after purchasing an additional 46,127 shares during the last quarter. Geode Capital Management LLC raised its holdings in Paycor HCM by 10.9% during the third quarter. Geode Capital Management LLC now owns 1,354,846 shares of the company’s stock worth $19,231,000 after purchasing an additional 132,662 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Paycor HCM by 8.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,161,032 shares of the company’s stock worth $16,478,000 after buying an additional 86,745 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Paycor HCM by 5.2% in the 3rd quarter. State Street Corp now owns 1,111,032 shares of the company’s stock valued at $15,766,000 after buying an additional 54,834 shares in the last quarter. 36.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. TD Cowen lowered shares of Paycor HCM from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 20th. Robert W. Baird reissued a “neutral” rating and issued a $22.50 target price (down from $28.00) on shares of Paycor HCM in a report on Friday, February 7th. Mizuho raised their price target on Paycor HCM from $20.00 to $22.50 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. BMO Capital Markets reiterated a “market perform” rating and issued a $22.50 price objective (down previously from $24.00) on shares of Paycor HCM in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group raised their target price on shares of Paycor HCM from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $21.53.

Paycor HCM Price Performance

Shares of PYCR stock opened at $22.41 on Wednesday. The business’s fifty day moving average price is $22.24 and its 200 day moving average price is $18.67. The firm has a market capitalization of $4.07 billion, a PE ratio of -186.73, a P/E/G ratio of 3.84 and a beta of 0.53. Paycor HCM, Inc. has a 1-year low of $10.92 and a 1-year high of $23.49.

Paycor HCM (NASDAQ:PYCR) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). Paycor HCM had a negative net margin of 3.06% and a positive return on equity of 4.28%. Equities research analysts expect that Paycor HCM, Inc. will post 0.3 earnings per share for the current fiscal year.

About Paycor HCM

Paycor HCM, Inc, together with its subsidiaries, provides software-as-a-service (SaaS) human capital management (HCM) solutions for small and medium-sized businesses (SMBs) primarily in the United States. It offers cloud-native platform to address the comprehensive people management needs of SMB leaders.